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Mahindra Holidays to invest Rs 1000 crore in Uttarakhand

Mahindra Holidays & Resorts has signed an MOU with the government of Uttarakhand to invest Rs 1000 crore in building four to five resorts over the next few years in the state. The company aims to become a strategic partner of the state and expand its key count from 5000 to 10,000 by 2030.

Mahindra Holidays to invest ₹1000 crore in Uttarakhand - The Hindu BusinessLine

Mahindra Holidays to invest Rs 1,000 crore in Uttarakhand

Leisure hospitality company Mahindra Holidays & Resorts (MHRIL) on Thursday said it has inked an agreement with the Uttarakhand government to invest Rs 1,000 crore and build 4-5 large marquee resorts over the next few years in the state. This is the company’s biggest investment in any state

Mahindra Holidays: Aim is to double the room count to 10,000 in 7 years: Kavinder Singh, Mahindra Holidays

​Having said that even at a financial metrics level on standalone this quarter turned out to be the best ever quarter for us in terms of the income which grew by about 17% at about Rs 355 crores if you exclude the one-offs as well as the EBITDA which crossed Rs 100 crores mark which grew by about 19% and as well as the PBT which was up by 19%.

Mahindra Holidays & Resorts Reports 17% Jump In Total Income In Q1FY24

Mahindra holidays plans to double room count

"We are committed to take advantage of the tailwinds that are there in the leisure business. The branded leisure rooms in our country are only 28,000. If you were to compare that to Phuket and Bali, we are much smaller. Phuket would be about 40,000, while Bali would be above 60,000. We are so underserved and we believe there is a huge opportunity for us to increase the footprint in leisure hospitality," said Singh.

Mahindra Holidays sees occupancies rising on a rebound in family vacations

Mahindra Holidays announces its results for Q4 & FY23: Total income at Rs. 1,275 Crs (+24% YoY)

Mahindra Holidays & Resorts consolidated PAT jumps to Rs 56.31 crore in March quarter

The company had posted a consolidated profit after tax of Rs 15.87 crore in the same previous fiscal, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a regulatory filing.

Hospitality industry set for buoyant 2023

For travellers, room tariffs are likely to remain high going forward, with a demand-supply mismatch continuing in the hospitality sector.